Bahrain-based Ibdar Bank has announced the appointment of Ayman Sejiny as its new CEO. The Islamic investment bank said in a statement Sejiny has previously held roles at Barclays, Citi Bank and ABN Amro. Previous to his appointment with Ibdar, Sejiny was the Group CEO of Bahrain-based Bank Alkhair, which has a presence in Saudi Arabia, UAE, Turkey and Malaysia. Ibdar chairman Tareq Sadeq said: “Ibdar is […]
Throw them into the bay, or throw them into jail? Those were two possible replies to a poll set up by a user on Twitter. He wanted to know how to deal with “treacherous journalists” – the journalists in question were reporters working for the Panamanian daily newspaper La Prensa. The paper’s newsroom lies just 7.2 miles away from the offices of Mossack Fonseca, the law firm […]
Google has agreed to pay €306 million in back taxes to Italy and Ireland to end a criminal investigation into whether the company avoided paying the full amount on its revenues for more than a decade, Italian tax officials confirmed on Thursday. The agreement resolves multiple disputes including a criminal probe that saw Milan prosecutors accuse Google of generating revenues of €1 billion in Italy and Ireland […]
Infrastructure work at Downtown Jebel Ali in Dubai has reached a major milestone, with deep utilities work complete at half of the 200-hectare mixed-use project, according to master developer Limitless. Sewerage, storm water and water works have been completed at 50 percent of the project, with roads now underway, a statement said. Deep utilities work is ongoing at the rest of the development, with anticipated completion this […]
Berkshire Hathaway’s (BRKa.N) Warren Buffett has sold “a reasonable amount” of his stake in International Business Machines Corp (IBM.N) after the stock crossed $180, CNBC reported. IBM’s stock touched $180 on Feb 14 and reached a high of $182.78 during Feb. 16 trading. It closed on Thursday at $159.05 on the New York Stock Exchange. Berkshire Hathaway and IBM could not be reached for comment outside regular […]
Jeff Immelt, the GE chairman and chief executive, has called for Donald Trump to keep the US in the Paris climate accord, weighing into a debate inside the new administration over a campaign promise to withdraw from the landmark agreement. “We are for staying in the treaty. I think global engagement is a good thing,” Mr Immelt told a Washington audience on Thursday. The business community “has […]
UAE members of LinkedIn, the online professional network, have been ranked the most connected in the world with an average of more than 200 per individual. New figures released by LinkedIn showed that UAE-based users have an average of 211 connections. They also revealed that the network has hit the 500 million members milestone globally and 22 million members in the MENA region. Ali Matar, head of […]
Are you an excellent visual storyteller? Can you file camera-ready copy? Most importantly, are you passionate about the business and craft of journalism? If you answered “yes” to those questions, we have a great opportunity for you. After two years, Poynter is reopening its Naughton Fellowship, a one-year position allowing the recipient to create journalism about journalism alongside our team of media reporters in St. Petersburg, Florida. […]
DP World and National Investment and Infrastructure Fund (NIIF) to back future infrastructure projects DP World and National Investment and Infrastructure Fund (NIIF) to back future infrastructure projects New Delhi, India, 4 May, 2017 Global trade enabler DP World and the National Investment and Infrastructure Fund (NIIF) have signed a Memorandum of Understanding (MoU) to develop the logistics sector in India. The agreement comes as a result […]
By Michael Flaherty and Ankit Ajmera Greenlight Capital escalated its battle against General Motors Co (GM.N) on Thursday, posting credit ratings documents that it said the automaker inappropriately changed to undermine the hedge fund’s proposal to create two classes of GM stock. Greenlight, which owns 3.6 percent of GM shares, has said its dual share plan would boost GM’s value by creating a dividend class and a […]
Uber’s self-driving venture might not be doomed after all. Many have weighed in on Uber’s alleged intellectual property theft case, predicting that the upshot of this legal turmoil might be Uber retracting its self-driving efforts altogether. For those who don’t know, here’s a brief backgrounder of the situation: Google’s self-driving division, Waymo, accused Uber late February of stealing thousands of documents that it claims Uber used to […]
I’m a firm believer in always seeing the glass as half-full rather than half-empty, for seeing the light at the end of the tunnel, and so on. When people congratulate me for taking the positive view, I say I’m not – it’s simply all a matter of perspective. Take my country, the Kingdom of Saudi Arabia. One of the richest countries in the history of the world, […]
GENEVA The United States will shoot itself in the foot if it quits the Paris climate accord because China, India and Europe will snap up the best power sector jobs in future, U.N. Environment chief Erik Solheim said on Thursday. U.S. President Donald Trump is expected to announce as early as next week whether he will take the United States out of the climate pact, having vowed […]
By David Brunnstrom | WASHINGTON WASHINGTON U.S. Secretary of State Rex Tillerson met Southeast Asian foreign ministers on Thursday to seek their support in pressing North Korea to give up its nuclear and missile programs. Tillerson’s first meeting with all members of the 10-nation Association of Southeast Asian Nations will also address another pressing regional issue – China’s assertive pursuit of territory in the South China Sea, […]
(Image: file photo) Last month, several competing students from universities across the US descended upon San Antonio for the National Collegiate Cyber Defense Competition (CCDC). CCDC, which originated in 2005, is a defensive security competition that puts students in a real-world commercial IT environment and tests their ability to defend, detect, and respond to outside threats, including maintain availability of existing services like mail servers and web […]
Royal Dutch Shell on Thursday rounded off the strongest set of quarterly results from “big oil” for over two years, even as a fresh slide in crude prices raised doubts over the sustainability of recovery from one of the deepest downturns in industry history. Earnings from the Anglo-Dutch group in the first three months of this year more than doubled from the same period of 2016. This […]
By Julia Simon | NEW YORK NEW YORK Oil prices collapsed on Thursday to their lowest since late November as investor worries about the world’s stubbornly persistent glut of crude erased most of the gains that followed last year’s OPEC’s output cut. The slide worsened after OPEC delegates downplayed the chance that their group and other producing countries would deepen their output cuts when they meet on […]
Figure 1: An X-ray diffraction image of a chip package containing four multi-stacked silicon die. The thickest silicon die (300 µm thick) is the large flat stripe, which experiences the least warpage as it is glued to the package lead frame (lead frame not imaged). The three “wiggly” strips are individual transmission section images for each of the three remaining die (each 50 µm thick) stacked upon […]
FAI is a leading provider of mission-critical aviation services, based in Germany With 23 aircraft, FAI serves corporations, government agencies and NGOs including the UN and International Committee of the Red Cross Manama, Kingdom of Bahrain, 4th May 2017 Bahrain Mumtalakat Holding Company (Mumtalakat), the sovereign wealth fund of the Kingdom of Bahrain, announced today its investment in a significant minority stake in Axtmann Aviation Holding […]
The likes of Shoreditch in London and Williamsburg in New York are now so well-known that they’re starting to lose their hipster lustre, but constant change means that even the world’s most famous cities have new areas which make them worth revisiting. Here are several to watch in 2017. Somerville, Boston Technically a separate city, Somerville has gone from blue collar to every coloured collar you care […]
One of the EU’s most senior officials has called for a ceasefire in the verbal hostilities over Brexit with Theresa May, warning that looming talks could become “impossible” if calm is not restored. The intervention by Donald Tusk, European Council president, marks a concerted effort to defuse escalating tension between Brussels and London after the UK prime minister accused EU officials of trying to sabotage her election […]
Business Stephanie Aboujaoude, Senior Area Director of Marketing for the Middle East and Turkey – The Rezidor Hotel Group, talks balanced leadership, why the Gulf is lagging behind in gender equality and what steps her company is taking to change that. (Source: CEO Middle East YouTube channel) Source link
Microsoft looks ready to widen its Cortana Skills Kit availability as of next week, simultaneous with its Build 2017 developer conference in Seattle. Microsoft has published its schedule and session descriptions for many of its Build 2017 talks via its official Build schedule builder mobile application. (I downloaded a version from the Google Play Store today for my Android phone.) The session list includes several Cortana Skills […]
Better known for his role in Danny Boyle’s Oscar-winning Slumdog Millionaire, Dev Patel has proven equally adept at drama and comedy. Patel joined the cast of Aaron Sorkin’s The Newsroom, as well as starred alongside acting royalty in the Best Exotic Marigold Hotel. This year, he’s starring alongside Jeremy Irons in The Man Who Knew Infinity, and Lion, with Nicole Kidman and Rooney Mara. Lion is based […]
